PRA Group (NASDAQ:PRAA) Trading Down 6.4% - Time to Sell?

Key Points

• PRA Group's shares fell 6.4% on Tuesday, closing at $14.95, with trading volume declining by 90% compared to its average daily volume.
• The company's earnings report showed an EPS of $1.08, beating estimates of $0.62, and revenue of $287.69 million, surpassing expectations of $279.34 million.
• PRA Group currently holds a consensus rating of "Buy" with a price target of $27.50 from analysts, reflecting optimism despite the recent stock price decline.

PRA Group, Inc. (NASDAQ:PRAA - Get Free Report) shares were down 6.4% on Tuesday . The company traded as low as $14.99 and last traded at $14.95. Approximately 37,016 shares were traded during trading, a decline of 90% from the average daily volume of 370,314 shares. The stock had previously closed at $15.98.

Analyst Ratings Changes

Several equities analysts have commented on PRAA shares. Wall Street Zen upgraded shares of PRA Group from a "sell" rating to a "hold" rating in a report on Saturday, August 9th. JMP Securities set a $24.00 price objective on shares of PRA Group and gave the company a "market outperform" rating in a report on Tuesday, August 5th. Finally, Citigroup reiterated an "outperform" rating on shares of PRA Group in a report on Tuesday, August 5th. Three investment analysts have rated the stock with a Buy rating, According to MarketBeat, PRA Group has a consensus rating of "Buy" and a consensus price target of $27.50.

PRA Group Price Performance

The stock's 50-day moving average price is $16.37 and its 200-day moving average price is $16.40. The company has a market cap of $594.71 million, a P/E ratio of 6.53 and a beta of 1.50.

PRA Group (NASDAQ:PRAA - Get Free Report) last announced its earnings results on Monday, August 4th. The business services provider reported $1.08 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.62 by $0.46. The company had revenue of $287.69 million during the quarter, compared to analysts' expectations of $279.34 million. PRA Group had a net margin of 8.10% and a return on equity of 6.52%. As a group, analysts expect that PRA Group, Inc. will post 2.1 EPS for the current fiscal year.

Institutional Investors Weigh In On PRA Group

A number of institutional investors have recently modified their holdings of the business. Vanguard Group Inc. boosted its position in shares of PRA Group by 0.5% in the first quarter. Vanguard Group Inc. now owns 4,322,609 shares of the business services provider's stock valued at $89,132,000 after acquiring an additional 21,934 shares during the period. Wellington Management Group LLP lifted its position in PRA Group by 3.2% during the first quarter. Wellington Management Group LLP now owns 3,881,917 shares of the business services provider's stock worth $80,045,000 after purchasing an additional 120,965 shares during the period. Topline Capital Management LLC lifted its position in PRA Group by 168.3% during the second quarter. Topline Capital Management LLC now owns 2,250,629 shares of the business services provider's stock worth $33,197,000 after purchasing an additional 1,411,707 shares during the period. Global Alpha Capital Management Ltd. lifted its position in PRA Group by 4.6% during the second quarter. Global Alpha Capital Management Ltd. now owns 2,111,800 shares of the business services provider's stock worth $31,149,000 after purchasing an additional 93,600 shares during the period. Finally, T. Rowe Price Investment Management Inc. lifted its position in PRA Group by 1.2% during the first quarter. T. Rowe Price Investment Management Inc. now owns 1,883,567 shares of the business services provider's stock worth $38,840,000 after purchasing an additional 21,627 shares during the period. Institutional investors own 97.22% of the company's stock.

About PRA Group

PRA Group, Inc, a financial and business services company, engages in the purchase, collection, and management of portfolios of nonperforming loans worldwide. It is involved in the purchase of accounts that are primarily the unpaid obligations of individuals owed to credit originators, which include banks and other types of consumer, retail, and auto finance companies.

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